Category: General

LSB Industries names former Williams CFO to its board

  A former executive at The Williams Companies and Magellan Midstream Partners, John Chandler, has been named to the Board of Directors of Oklahoma City-base LSB Industries, Inc. The firm announced his appointment as an independent member of the board effective Nov. 7. Chandler has more than 30 years of experience in the energy industry, …

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Reports indicate Sen. Markwayne Mullin might be in line to be Interior Secretary

    Sen. Markwayne Mullin the next Interior Secretary? It’s speculated, at least in Rolling Stone magazine, that the Oklahoma Republican might be in line for the job. That or else maybe the position of running the Veterans Affairs Department. A spokeswoman for the Senator told the Tulsa World there have been no talks with …

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Canoo to release 3Q earnings report Wednesday

  From a 27% drop to a 33% gain. It’s what has happened to stock in EV manufacturer Canoo. Investors in the company with a manufacturing plant in Oklahoma City and a battery operation in Pryor will learn Wednesday the latest financial status of the company. Canoo plans to report its third quarter financial results …

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OKC farmer continues fight against Phillips 66 pipeline across his land

  Bermuda-grass farmer Don Eckroat of Oklahoma City isn’t giving up on his fight against a Phillips 66 crude oil pipeline project going through his property. He’s now complaining how the construction that started in the last few weeks resulted in an 80-foot wide path across his property and also flooding. KFOR TV News reported …

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Muskogee Bitmining operation to expand

  As Bitcoin soared to an alll-time high of nearly $85,000 this week, in part according to some analysts, over the re-election of Donald Trump and his promise to create crypto-friendly legislation, a bitmining operation supported by the state of Oklahoma is still in the expansion stage near Muskogee. For now, the 42-acre site is …

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EPA comes out with flaring fee on oil and gas producers

The Biden administration’s Environmental Protection Agency just implemented another restrictive rule on the oil and gas industry—a fee for flaring. The EPA took the final steps in its crackdown on methane leaks and did so as part of the Inflation Reduction Act. It is considered to be a move that will make it more difficult …

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Energy briefs

** The incoming Trump administration plans to shrink two national monuments in Utah shortly after taking office, which will open hundreds of thousands of acres of federal land to oil and gas drilling and uranium and coal mining. ** The Biden administration plans to release a blueprint for an additional 200 GW of nuclear power by 2050, …

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Former New York Congressman chosen to head the EPA

    The next head of the Environmental Protection Agency will be former New York Congressman Lee Zeldin. He was chosen by President-elect Donald Trump but apparently doesn’t have much environmental experience. The GOP Representative, however, is a longtime supporter of Trump. In the first Trump administration, former Oklahoma Attorney General Scott Pruitt was chosen …

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Crude oil prices took another 2% drop in Monday’s trading

  Another 2% fall was recorded for crude oil prices on Monday and traders said it was because investors were disappointed in the latest stimulus plan from China. The decline was on top of a 2% drop recorded on Friday. West Texas Intermediate crude dropped $2.34 or 3.32% at $68.04 a barrel on the New …

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Expand Energy explains severance to removed executive

    A month after Chesapeake Energy and Southwest Energy officially merged into a newly named firm, Expand Energy, details of the removal of one of the executive officers was revealed in a filing with the Securities Exchange Commission. Benjamin E. Russ was removed as Executive Vice President, General Counsel and Corporate Secretary of the …

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